Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Acetonitrile Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global acetonitrile market size reached 148.9 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 197 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Acetonitrile is the simplest of organic nitriles with the chemical formula CH3CN. It is also known as cyanomethane, methyl cyanide, ethyl nitrile, methanecarbonitrile, etc. It is a clear, colourless liquid with a sweet, ethereal odour and is an important intermediate for pharmaceutical and functional material chemicals. The report finds that the market is currently being driven by a heavy demand of acetonitrile in its end-use industries such as pharmaceuticals and HPLC applications. The report provides a comprehensive insight into the industry including its market breakup by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of acetonitrile, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global acetonitrile market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use.

Breakup by End-Use:

Pharmaceuticals
Analytical Industry
Agrochemicals
Extraction Industry
Others

The report has analysed and segmented the global acetonitrile market on the basis of end-uses. Its biggest end-user is the pharmaceuticals industry accounting for the majority of the total global consumption. Acetonitrile is used to synthesise certain vitamins, amino acids, cortisone, etc. It is also used as a solvent in the production of insulin and antibiotics, tertiary-generation cephalosporins and for DNA synthesis. The second largest consumer of acetonitrile is in the HPCL applications (high-performance liquid chromatography). Acetonitrile is also used as a solvent in UV spectroscopy and polarography, in lithium batteries, for casting and moulding of plastic materials, for the extraction of fatty acids from animal and vegetable oils, in chemical laboratories for the detection of chemical residues and for spinning fibres.

Breakup by Region:

Asia-Pacific
North America
Europe
Middle East and Africa
Latin America

The report has analysed the global key regions of the acetonitrile market and finds Asia-Pacific as the its biggest producer, accounting for more than half of the total global production. In terms of consumption, China represents the biggest consumer of acetonitrile.

Import and Export:

On the basis of import and export trends, the China represents the largest global importer of acetonitrile accounting for the majority of the total global imports.

Competitive Landscape:

Analysing the competitive landscape of the global acetonitrile market the report has found that Ineos AG represents the world’s biggest producer of acetonitrile accounting for around a third of the total global production. Ineos AG is followed by Asahi Kasei Corporation, Formosa Plastic Corporation, Imperial Chemical Corporation, Nova Molecular Technologies, Inc, Tedia Company, Inc, Avantor Performance Materials, LLC, Shanghai Secco Petrochemical Company Limited, Qingdao Shida Chemical Co., Ltd., Nantong Acetic Acid Chemical Co., Ltd. and Taekwang Industrial Co., Ltd.

The essential aspects of the global acetonitrile market evaluated in the report include:

Market trends
Major regions
Impact of COVID-19
Key application areas
Key manufacturers
Price trends
Raw material requirements
Chemical reactions involved in the manufacturing process
Major importers and exporters
Value chain analysis
Market trends for major feedstocks
Price trends for major feedstocks
Key regions for major feedstocks
Key application areas for major feedstocks
Key players for major feedstocks

Key Questions Answered in This Report

1. What was the size of the global acetonitrile market in 2022?
2. What is the expected growth rate of the global acetonitrile market during 2023-2028?
3. What are the key factors driving the global acetonitrile market?
4. What has been the impact of COVID-19 on the global acetonitrile market?
5. What is the breakup of the global acetonitrile market based on the end use?
6. What are the key regions in the global acetonitrile market?
7. Who are the key players/companies in the global acetonitrile market?